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1-bed · 2,136 sqftNoura Tower, Business Bay · 6th floor · completed 2022

601, Noura Tower

Sold prices and rental history: sold once, by the developer in November 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 16 November 2020
Last soldAED 2.56M16 November 2020
Current rentAED 100K /yr11 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, Noura Tower

What is 601 worth today?

Last sold for AED 2,563,320 in 2020

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16 Nov 2020Sold by developerReady
AED 2,563,320AED 1,199 per sqft
11 Dec 2019RentedNew contract
AED 100,000/yr7 months · AED 47 per sqft
1 Mar 2019RentedNew contract · flagged as an outlier
AED 12,000/yr12 months · AED 6 per sqft

Source: Dubai Land Department. Updated 16 November 2020.

Key facts

Type
1-bed apartment
Size
2,136 sqft
Floor
6th of 68
Parking
L3-168,L3-169
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 33,200 /yr
Last sold
AED 2.56M · November 2020
Building
Noura Tower

About 601, Noura Tower

601 is a one-bedroom apartment of 2,136 sqft on the 6th floor of Noura Tower, a 68-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. The developer sold it on 16 November 2020 for AED 2,563,320, or AED 1,199 per sqft, 14% below the AED 1,399 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 11 December 2019, is AED 100,000 a year: a gross yield of 3.9% on the 2020 price, before the service charge of about AED 33,200 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical one-bed in Noura Tower
1M2M2016201920222025Typical sale price by year: 2016 AED 1,956,427; 2017 AED 1,972,768; 2018 AED 1,656,344; 2019 AED 1,600,000; 2020 AED 1,134,003; 2021 AED 1,175,865; 2022 AED 1,397,500; 2023 AED 1,620,000; 2024 AED 1,600,000; 2025 AED 1,735,000Sold by developer, November 2020: AED 2,563,320 (AED 1,199 per sqft)

601 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 601, each contractTypical one-bed in Noura Tower
75K100K2018202120242027Typical rent by year: 2018 AED 92,400; 2019 AED 86,000; 2020 AED 75,000; 2021 AED 70,000; 2022 AED 80,000; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 112,000New contract, December 2019: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Noura Tower, and where 601 sits

All 157 1-beds →

601 last sold in November 2020 at AED 1,199 per sqft, 14% below what one-beds in Noura Tower were fetching at the time (AED 1,399). Over the last 12 months one-beds sold for AED 1,500,000 to 2,000,000, around AED 1,945 per sqft, and rent for AED 93,700 to 300,000 a year. 601's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Feb 20261,750,000
6 Jan 20261,600,000
19 Dec 20251,550,000
14 Dec 20252,000,000
6 1-bed sales in the last 12 months

Noura Tower

Building

543 apartments, 1-bed to 6-bed over 68 floors in Business Bay, completed in 2022 by Al Habtoor City Real Estate Development. 9 sold in the last 12 months.

Typical price per sqft
AED 1,914
Typical sale
AED 1.75M
Typical rent
AED 149K /yr
Typical yield
6.1%
Noura Tower, Business Bay: prices, sales and rents →

Other units on the 6th floor

All 543 units in Noura Tower
Value
6031-bedAED 3.2M · Nov 2022

601, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 16 November 2020 for AED 2,563,320, or AED 1,199 per sqft.
  • Rented since March 2019 on 2 Ejari contracts, from AED 12,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2020 price is 3.9%, before a service charge of about AED 33,200 a year (AED 15.53 per sqft).
  • One-beds in Noura Tower sold for AED 1,500,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,914 per sqft.

Source: Dubai Land Department. Updated 16 November 2020.

Questions about 601, Noura Tower

What did unit 601 last sell for?

AED 2,563,320 on 16 November 2020, sold by the developer: AED 1,199 per sqft for 2,136 sqft. It is the only registered sale of the unit.

What is the rent for unit 601?

AED 100,000 a year on the contract signed on 11 December 2019. The previous contract, from March 2019, was AED 12,000.

How big is unit 601?

2,136 sqft (198.4 sqm): a one-bedroom apartment on the 6th floor of a 68-storey tower completed in 2022.

What is unit 601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Noura Tower sold for AED 1,500,000 to 2,000,000 in the last 12 months, around AED 1,945 per sqft.

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Mortgage on 601, Noura Tower

Starts from the last sale price (AED 2.56M, 16 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,563,320
Deposit, UAE resident (20%)
AED 512,664
Deposit, non-resident (40%)
AED 1,025,328
Monthly over 25 years at 3.7%
AED 10,487

Plus AED 112,670 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →